Endurance Technologies Ltd. · NSE:ENDURANCE
Endurance Technologies — Investor Presentation (June 2025)
31 slides from Endurance Technologies's investor presentation, Jun 3, 2025
Slide 1: Corporate Presentation 3rd June 2025
Corporate Presentation 3rd June 2025
Slide 2: Forward-looking statements disclaimer
The presentation may contain, without limitation, certain statements that could be considered forward- looking. Such forward-looking statements do not guarantee future performance; and may involve risks and uncertainties that could cause actual performance or results to be materially different from
Slide 3: Company highlights and leadership positions
Commenced operations in 1985(1) Largest aluminium die-casting player in India(2) Largest 2W/3W auto-comp company in India(3) Leader in Suspension, Braking, Transmission Presence in Advanced Electronics through Maxwell Leading 4W aluminium die casting player in Europe Financial Strength: Profitabilit
Slide 4: Strategy: technology leader, 4W, EV and hybrid
Technology Leader Four Wheelers (4W) • Introduce high-end technologies for • Reach 45% of Consolidated Turnover in premium segment. FY30 from 26% in FY25 • Expand premium offerings to mid and • Ensure continued growth of our profitable low segment. European operations serving marquee OEMs • Ensure c
Slide 5: Endurance Technologies Limited group structure
Promoter Group - 75% Endurance Technologies Limited Aluminium Castings, Suspension, (ETL) Transmission and Braking Systems Public - 25% Wholly Owned Wholly Owned Wholly Owned Maxwell Energy Systems Endurance Overseas SpA Endurance GmbH Private Limited (MESPL), India (EOSpA) (Turin, Italy) (Massenbac
Slide 6: Plants in multiple locations across India and Europe
33 plants in multiple locations across India and Europe Pantnagar R&D Facilities 1 Massenbachhausen (3) Sanand and Halol Germany 5 Laupheim (2) Plants 2 Endurance Chh Shambhajinagar Proving Ground 10 2 4 Technical Pune Centre 1 3 Kolar 1 Grugliasco (1) Italy Chivasso (2) Chennai 9 Lombardore (1) 2 T
Slide 7: Corporate history and ownership milestones
Maxwell, Ingenia Automation, Frenotecnica, New Fren Stöferle GmbH, Veicoli Stöferle Automotive GmbH Endurance Adler Endurance Castings FY23 FY25 FY21 FY22 FY19 IPO- public 17.5%. Full exit to PE. Partial promoter dilution OFS- Public 25% Further promoter dilution EESrl FY17 FY14 FY12 Indian operatio
Slide 8: Plant and collaboration timeline FY86-FY09
Chennai-Casting R&D Facility: Casting Pantnagar- Casting, Suspension, Transmission B22 Pune- FY08 FY09 Casting, Machining FY07 Collaboration: KTM- Inverted Front Forks, Monoshox B1/2, 1/3 Pune- Casting, Machining L6/3 CSN- Casting, Machining R&D Facility- Braking K226/2 CSN- Braking, FY06 R&D facili
Slide 9: Plant and collaboration timeline FY12-FY25
Collaboration with L6/3 CSN- Driveshaft Korean entity- A12 Pune- Alloy Wheels 4W suspensions L6/3 CSN- (Brownfield) Electronics SMT line K226/2 CSN (Brownfield) E 71 CSN- Braking FY25 FY23 FY24 FY22 Vallam- Casting Kolar- Suspension FY21 FY20 Halol- Suspension FGM Collaboration- FY19 AI. Forgings Sa
Slide 10: Endurance Proving Ground
T7 T8 T1 High Speed Performance Track T3 T5 T2 Ride and Evaluation Track T3 ABS and Evaluation Track T1 B1 T4 Handling Track T2 T4 T5 Gradient Track T6 Steering pad T6 T7 Mud, Water trough and Dust Tunnel T8 Country Track B1 Admin Building, Control Tower & Workshop EPG enables us to test our product
Slide 11: QCDDM focus leading to customer satisfaction
Structured product development to get "first time right" products Develop Focus on developing Facilities (including Proving innovative, lean and cost ground) for material, competitive designs to component, product and maintain a technological edge Testing & Design vehicle level testing across produc
Slide 12: Legacy, recently added and future products
FUTURE RECENTLY ADDED PRODUCTS PRODUCTS LEGACY PRODUCTS Electronic 2W Single Channel & Dual Channel ABS Suspension for Aluminium Die-castings Modulator 200cc+ motorcycles 4W Suspension and brakes. 2W Aluminium 2W - 2 & 3 Pot Brake BMS Alloy Wheels Caliper Assembly 3W & 4W Additional Embedded Drivesh
Slide 13: Products for 2W, 3W and 4W OEMs
Endurance supplies a diverse range of technology-intensive products to 2W / 3W / 4W OEMs 2 WHEELERS 3 WHEELERS Front Forks Master Cylinder Clutch Cylinder Hydraulic Shock Drum Brake Drum Brake Cylinder Head Block Absorbers Assembly BMS Shock Absorbers Clutch Tandem Master Drive Shaft BMS Assembly Cy
Slide 14: Castings part of OEMs' light-weighting and Hybrid/EV plans
Endurance is a Tier 1 Supplier for multiple technology intensive products to 4W OEMs STRUCTURAL AND BODY PARTS ENGINE PARTS Steel Wheel Hub Head Axle Cam Carrier Specialty Plastic Cover Exhaust Manifold Cross Member Steering Housing EGR Plastic Pipe Oil Pan Crankcase Various Brackets EV PARTS TRANSM
Slide 15: Braking and transmission parts for 2W aftermarket
Endurance is building a strong presence in technology intensive products for 2W, particularly for the Aftermarket BRAKING SYSTEM PARTS TRANSMISSION & FRICTION PARTS Brake Discs Drum Clutch, Gear & Friction Plates Gear Brake Pads Steering Housing Clutch Actuator Torque Limiter 15
Slide 16: Product line exposure to ICE and EV
In India, based on current indications, it is believed that EV penetration in scooters and 3W would be ~75% by 2030 and much lower in motorcycles, at around 10-15%. In Europe, the transition to EV in high-end vehicles, and to Hybrid in mass segment is seen as fairly fast-paced. % of Consol Product L
Slide 17: Market share and leadership in India and Europe
60% 42% India 42% 37% Market share based on internal estimates of 2W market size in India (for our product 11% categories) and quantity of parts sold by ETL in FY25 Front Forks Rear Shox Disc Brake Brake Discs Clutches Systems(1) (1) (2) (1) Percentage calculated on estimated 2W production in India,
Slide 18: Outperformance of industry growth FY15-25
Endurance has consistently outperformed growth in the broader industry by successfully expanding its customer base, focus on R&D, ability to manage costs and reducing new product development time. India Production (‘000s) Motorcycle Scooter Moped 2W Industry 3W Industry FY15 13,011 4,723 755 18,489
Slide 19: Revenue, EBITDA and PAT growth track record
PAT and PAT Margin(2) (Before Minority Interest) Total Revenue (INR mn) EBITDA and EBITDA Margin (INR mn / %) (INR mn / %) CAGR FY18-25: 9% 14.9% 15.3% 16.9% 16.3% 13.2% 12.2% 13.7% 14.3% 6.1% 6.6% 8.1% 7.9% 6.1% 5.4% 6.6% 7.2% CAGR FY18-25: 8.4% CAGR FY18-25: 11.5% 1,16,778 16,681 8,364 75,375 88,4
Slide 20: Expansion strategy: high-end casting products
Focus on High-end Casting Products Focus on profitable growth • Long-standing relationships with renowned PV/CV High margin products OEMs. Engine Cover / cam carrier Suspension and Body Hub Transmission • Large orders in Expansion Clutch Housing EV/hybrid Strategy Marquee customers • Sole supplier s
Slide 21: Aftermarket sales from India
Aftermarket Sales from India 2001 (Net Revenue from Operations INR mn) Higher Margin 5.5% 5.3%* 5.1%* 4.7% Established B2C Business Model 4.3% 3.7% 3.6% Aftermarket Business KEY HIGHLIGHTS Branding 39 3.8% 5063 4609 4189 4311 Program for increasing retailers / mechanics 2977 3116 contact & loyalty t
Slide 22: Profitable, sustainable, faster-than-industry growth
Operations Technology/R&D • Operational Excellence • Technological Leadership • Winning new orders • Product Development with focus • Supply Chain Management on cost, durability & performance • Customer Centricity • Innovation • Quality • Delivery performance leading to Governance Profitable, People
Slide 23: Values and sustainable performance
Delivering a Larger impact Achieving ETL’s goals by living the values SERVICE Integrity & Transparency Honesty, accountability, work ethic, clarity, INTERNAL COHESION communication, openness, trust Innovation Value Creation & continuous improvement TRANSFORMATION Customer Centricity Result orientati
Slide 24: Management of change, culture and diversity
MANAGEMENT OF CHANGE CULTURE Prioritization of human life & environment in Proactive, hardworking, result-oriented, decisions passionate, committed team players Certification from EHS team for all material/ design/ who lead by example, believe in layout changes, expansions, greenfield/ brown field c
Slide 25: Driving carbon neutrality and zero waste
DRIVING CARBON NEUTRALITY DRIVING ZERO WASTE TO LANDFILL & » Effective utilization of natural resources. HAZARDOUS WASTE REDUCTION » Creating carbon sinks by developing dense forests and driving plantation. » Reduced hazardous waste generation by » Transitioning to renewable energy with wind switchi
Slide 26: GRI parameters for India business unit
GRI Parameters for Unit FY25 Achievement India business Carbon neutrality* % 45 Specific electrical energy Reduction in GJ/ INR Sales consumption 29.97% Specific thermal energy Reduction in GJ/ INR Sales 15.32% consumption Specific water footprint Reduction in kL/INR Sales 17.63% reduction Waste wat
Slide 27: Community CSR initiatives
HEALTHCARE & EDUCATION ENVIRONMENT LIVELIHOOD SANITATION Deepened 92 kms of natural canals, Renovated 54 schools with new Organized health camps in 42 Trained 2,000+ individuals at creating water capacity of 65.01 Cr. toilets for boys and girls. villages – treated 15,055 villagers. ECOVE with 74% pl
Slide 28: Awards and recognition
LACP Gold Vision Award for Recognized amongst Annual Report India’s “Best Managed FY24 Companies-2022” by DET Hurun India Deloitte. Manufacturing Persisting Affiliation Excellence Awards- Award from Piaggio- 2024 2024. Best Delivery Management Award ‘Most Innovative, by HMSI–2024 Disruptive & Transf
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Slide 30: Appendix A: India entities
Incorporated High Technology Transmission Incorporated Endurance Systems Systems (India) Private Limited – HTTS, a JV (India) Private Limited. (ESIPL with Adler S.p.A., Italy for clutch assemblies merged with ETL in FY10) and CVTs. (merged with ETL in FY14) ESIPL HTTS FY95 FY02 FY82 FY97 FY23 ESSIPL
Slide 31: Appendix B: Overseas entities
Acquired Amann EOSpA acquired 51% & later full Endurance Engineering Srl, EOSrl acquired Fonpresmetal Adler acquired 100% stake in EOSpA acquired 100% stake EOSpA acquired 60% stake Druckguss, GmbH stake in Fondalmec Italy. Italy Gap SpA Italy (since renamed Grimeca Srl Adler RE Srl in Frenotecnica
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